diff --git a/src/bindings/python/wheel/CMakeLists.txt b/src/bindings/python/wheel/CMakeLists.txt
index 68484456f8e..40a170a999f 100644
--- a/src/bindings/python/wheel/CMakeLists.txt
+++ b/src/bindings/python/wheel/CMakeLists.txt
@@ -27,14 +27,59 @@ foreach(_target ie_api constants _pyngraph openvino_c pyopenvino ov_plugins ov_f
     endif()
 endforeach()
 
-execute_process(COMMAND ${PYTHON_EXECUTABLE} -c "import wheel.bdist_wheel ; print(f'{wheel.bdist_wheel.get_abi_tag()}')"
-                OUTPUT_VARIABLE PYTHON_ABI OUTPUT_STRIP_TRAILING_WHITESPACE)
 execute_process(COMMAND ${PYTHON_EXECUTABLE} -c "import wheel.vendored.packaging.tags as tags ; print(f'{tags.interpreter_name()}{tags.interpreter_version()}')"
-                OUTPUT_VARIABLE INTERPRETER OUTPUT_STRIP_TRAILING_WHITESPACE)
+                OUTPUT_VARIABLE PYTHON_TAG OUTPUT_STRIP_TRAILING_WHITESPACE)
+execute_process(COMMAND ${PYTHON_EXECUTABLE} -c "import wheel.bdist_wheel ; print(f'{wheel.bdist_wheel.get_abi_tag()}')"
+                OUTPUT_VARIABLE ABI_TAG OUTPUT_STRIP_TRAILING_WHITESPACE)
 execute_process(COMMAND ${PYTHON_EXECUTABLE} -c "import wheel.vendored.packaging.tags as tags ; print(f'{next(tags._platform_tags())}')"
-                OUTPUT_VARIABLE WHEEL_PLATFORM OUTPUT_STRIP_TRAILING_WHITESPACE)
+                OUTPUT_VARIABLE PLATFORM_TAG OUTPUT_STRIP_TRAILING_WHITESPACE)
 
-set(openvino_wheel_name "openvino-${WHEEL_VERSION}-${WHEEL_BUILD}-${INTERPRETER}-${PYTHON_ABI}-${WHEEL_PLATFORM}.whl")
+macro(_ov_platform_arch)
+    if(AARCH64)
+        set(_arch "aarch64")
+    elseif(ARM)
+        set(_arch "armvl7")
+    elseif(X86_64)
+        set(_arch "x86_64")
+    elseif(X86)
+        set(_arch "i686")
+    endif()
+endmacro()
+
+# For macOS and Linux `PLATFORM_TAG` is not always correctly detected
+# So, we need to add our-own post-processing
+if(APPLE AND DEFINED CMAKE_OSX_DEPLOYMENT_TARGET)
+    _ov_platform_arch()
+
+    set(_macos_min_version "${CMAKE_OSX_DEPLOYMENT_TARGET}")
+    if(_macos_min_version MATCHES "^1[0-9]$")
+        set(_macos_min_version "${CMAKE_OSX_DEPLOYMENT_TARGET}.0")
+    endif()
+    string(REPLACE "." "_" _macos_min_version "${_macos_min_version}")
+
+    # common platform tag looks like macosx_<macos major>_<macos minor>_<arch>
+    if(_arch AND _macos_min_version)
+        set(PLATFORM_TAG "macosx_${_macos_min_version}_${_arch}")
+    endif()
+elseif(LINUX)
+    _ov_platform_arch()
+
+    execute_process(COMMAND ldd --version
+        OUTPUT_VARIABLE _libc_version
+        OUTPUT_STRIP_TRAILING_WHITESPACE)
+
+    if(_libc_version MATCHES ".*([0-9]+)\\.([0-9]+).*")
+        set(_libc_major "${CMAKE_MATCH_1}")
+        set(_libc_minor "${CMAKE_MATCH_2}")
+    endif()
+
+    # common pattern manylinux_<libc major>_<libc minor>_<arch>
+    if(_libc_version AND _arch)
+        set(PLATFORM_TAG "manylinux_${_libc_major}_${_libc_minor}_${_arch}")
+    endif()
+endif()
+
+set(openvino_wheel_name "openvino-${WHEEL_VERSION}-${WHEEL_BUILD}-${PYTHON_TAG}-${ABI_TAG}-${PLATFORM_TAG}.whl")
 set(openvino_wheels_output_dir "${CMAKE_BINARY_DIR}/wheels")
 set(openvino_wheel_path "${openvino_wheels_output_dir}/${openvino_wheel_name}")
 
@@ -46,7 +91,8 @@ add_custom_command(OUTPUT ${openvino_wheel_path}
     COMMAND ${CMAKE_COMMAND} -E copy_directory "${CMAKE_CURRENT_SOURCE_DIR}" "${CMAKE_CURRENT_BINARY_DIR}"
     COMMAND ${CMAKE_COMMAND} -E copy_directory "${OpenVINO_SOURCE_DIR}/licensing" "${CMAKE_BINARY_DIR}/licensing"
     COMMAND ${CMAKE_COMMAND} -E remove_directory "${CMAKE_CURRENT_BINARY_DIR}/site-packages"
-    COMMAND ${CMAKE_COMMAND} -E env WHEEL_VERSION=${WHEEL_VERSION}
+    COMMAND ${CMAKE_COMMAND} -E env
+            WHEEL_VERSION=${WHEEL_VERSION}
             WHEEL_BUILD=${WHEEL_BUILD}
             OPENVINO_BUILD_DIR=${OpenVINO_BINARY_DIR}
             OPENVINO_PYTHON_BUILD_DIR=${OpenVINOPython_BINARY_DIR}
@@ -56,8 +102,9 @@ add_custom_command(OUTPUT ${openvino_wheel_path}
             PY_PACKAGES_DIR=${PY_PACKAGES_DIR}
         ${PYTHON_EXECUTABLE} "${CMAKE_CURRENT_SOURCE_DIR}/setup.py" clean bdist_wheel
             --dist-dir ${openvino_wheels_output_dir}
-            --build=${WHEEL_BUILD}
-            --plat-name=${WHEEL_PLATFORM}
+            --build-number=${WHEEL_BUILD}
+            --plat-name=${PLATFORM_TAG}
+            --quiet
     DEPENDS ${openvino_wheel_deps}
            "${CMAKE_CURRENT_SOURCE_DIR}/setup.py"
     WORKING_DIRECTORY "${CMAKE_CURRENT_BINARY_DIR}"
diff --git a/tools/openvino_dev/CMakeLists.txt b/tools/openvino_dev/CMakeLists.txt
index 0cd4f0468b2..e6e420d56fa 100644
--- a/tools/openvino_dev/CMakeLists.txt
+++ b/tools/openvino_dev/CMakeLists.txt
@@ -16,6 +16,7 @@ add_custom_command(OUTPUT ${openvino_wheel_path}
     ${PYTHON_EXECUTABLE} ${SETUP_PY} clean bdist_wheel
         --dist-dir ${openvino_wheels_output_dir}
         --build=${WHEEL_BUILD}
+        --quiet
     DEPENDS ie_wheel
     WORKING_DIRECTORY "${CMAKE_CURRENT_BINARY_DIR}"
     COMMENT "Building Python wheel ${openvino_wheel_name}"